ARTICLES OF INCORPORATION OF THE KENTUCKY STATE UNIVERSITY THOROBREDS FOUNDATION, INC.

I, the undersigned incorporator of the Kentucky State University Thorobreds Foundation, Inc., do hereby incorporate, under and pursuant to the provisions of Chapter 273 of the Kentucky Revised Statutes, a non-profit corporation without capital stock or shareholders, and for that purpose adopt the following Articles of Incorporations.

ARTICLE I

NAME

The name of the Corporation is Kentucky State University Thorobreds Foundation, Inc.

ARTICLE II

PRINCIPAL OFFICE

The principal office of the Corporation is 400 East Main Street, Frankfort, Kentucky 40601.

ARTICLE III

INCORPORATOR AND REGISTERED AGENT

The name and address of the sole incorporator and registered agent of the Corporation is as follows:

Michael R. DeCourcy

Institutional Advancement Kentucky State University 400 East Main Street Frankfort, Kentucky 40601

ARTICLE IV

NATURE

The Corporation is to be a non-profit corporation, for which no capital stock shall be issued and from which no private, pecuniary profit shall ever be derived by any officer or other person, except for reasonable compensation as may be allowed for services actually rendered. All income of the Corporation shall be devoted solely to the fulfilling the Corporation's purpose, which shall at all times comply with the purposes established under KRS 273.167.

2024